Tag Archives: N15000

NAICOM increases Third-Party vehicle insurance from N5000 to N15,000

NAICOM increases Third-Party vehicle insurance from N5000 to N15,000

The National Insurance Commission (NAICOM) has raised Third-Party insurance coverage for motorists from N5,000 to N15,000 yearly with effect from January 2023.   The approval is contained in a circular titled: New Premium Rate for Motor Insurance and signed by the Director, Policy and Regulation, NAICOM, Mr Leo Akah, for the …

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